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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash $ 894 $ 958
Land inventories 14 14
Other assets 42 42
Total Assets 950 1,014
LIABILITIES    
Accounts payable and accrued expenses 225 230
Accrued real estate taxes 1 4
Accrued income taxes 57 0
Accrued interest:    
Subordinated convertible debentures payable 24,062 23,743
Convertible debentures payable-related party 52,915 52,915
Notes payable 3,163 3,146
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,472 8,472
Total Liabilities 90,093 89,708
STOCKHOLDERS' DEFICIENCY    
Preferred stock, par value $1.00 per share; authorized 5,000,000 shares; 2,000,000 Class A cumulative convertible shares issued and outstanding; (liquidation preference of $8,000 plus unpaid cumulative dividends of $14,035) 2,000 2,000
Common stock, par value $.10 per share; authorized 25,000,000 shares; 5,317,758 shares issued and outstanding 532 532
Paid-in capital 13,498 13,498
Accumulated deficit (105,173) (104,724)
Total stockholders' deficit (89,143) (88,694)
Total liabilities and stockholders' deficit $ 950 $ 1,014